Refinery Catalyst Market In-depth Survey and 2022 Future Outlook

Growing need for environmental friendly/high performance fuels is expected to remain a key driving factor for global refinery catalyst market. Stringent EPA and REACH environmental regulations to curb sulfur and NOx emissions caused due to growing refinery is also expected to have a positive impact on the market growth.

The Global Refinery Catalyst Market is expected to reach USD 6.18 billion by 2022, according to a new report by Grand View Research, Inc.

Increasing refinery complexity along with growing requirement to optimize tight oil and sour crude processing has led to the usage of specialty catalysts with improved efficiency.

Zeolites were the most preferred catalyst material with demand share exceeding 30% of total market volume in 2014. Zeolites are expected to witness significant growth on account of high requirement in various refinery processes including catalytic reforming, hydrotreating, and FCC.

High porosity and adjustable acidity are key properties on account of which zeolites are used as catalysts in refining and petrochemical production. Chemical compounds are anticipated to witness the highest growth of 3.5% from 2015 to 2022. Low price of chemical compounds as compared to zeolites, metals, and enzymes are expected to have a positive impact on market growth.

To Know More About Refinery Catalyst Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/refinery-catalysts-market

Top Players of Refinery Catalyst Market:

Key industry participants include W.R. Grace & Co-Conn, Zeolyst International Inc., UOP LLC, Evonik Industries, DuPont, INEOS Group Limited, and Johnson Matthey PLC.

Market Segmentation of Refinery Catalyst Market:

The Global Refinery Catalyst Market segmented on the basis of Material, Application and Region.

By Material:

    Zeolites
    Metallic
    Chemical Compounds

By Application:

    Fluid Catalytic Cracking (FCC)
    Alkylation
    Hydrotreating
    Hydrocracking
    Catalytic Reforming

By Region:

    North America
    Europe
    Asia Pacific
    Rest of the World (RoW)

Inquire about Refinery Catalyst Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1001

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